Instruktion Chart of Accounts Labels and Amount Descriptions Income Statement Retained Earnings Statement instructions Lamp Light Company maintains and repairs warning lights, such as those found on radio towers and lighthouses Lamp Light Company prepared the following end of persod spreadsheet at December 31, 2018, the end of the fact Lamp Light Company End-of-Period Spreadsheet For the Year Ended December 31, 2018 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Account Title De Cr Dr. CE DE CE Cash 10,800.00 10,800.00 Accounts Recerable 38,000.00 (a) 11,300.00 50,200.00 Prepard Insurance 4.200,00 (b) 3,000.00 1,200.00 Supplies 2.730.00 (C) 2.250.00 480.00 Land 98,000.00 38,000.00 Chart of Accounts Labels and Amount Descriptions Income Statement Retained Earnings Statement Instructions Land 98,000.00 98,000.00 Building 400,000.00 400,000.00 Accumulated Depreciation Building 205,300.00 (d) 10,100.00 215,400.00 Equipment 101,000.00 101,000.00 Accumulated Depreciation Equipment 85,100.00 (e) 6,680.00 91.780.00 Accounts Payable 15,700.00 15.700.00 Salaries and Wages Payable (t) 4,900.00 4,900.00 Uneamed Rent 2,100.00 (9) 1,300.00 800.00 Common Stock 75,000.00 75,000.00 Retained Earnings 128,100.00 128,100 00 Dividends 10,000.00 10,000.00 Fees Earned 363,700.00 (a) 11,300.00 375,000.00 Rent Revenue (9) 1,300.00 1,300.00 My Work All work saved. Instructions Chart of Accounts Labels and Amount Descriptions Income Statement Retained Earnings Statement Instructions Salanes and Wages Expense 163,100.00 (1) 4,900.00 168,000 00 Advertising Expense 21,700 00 21,700.00 Utilities Expense 11,400.00 11.400.00 Depreciation Expense Building (d) 10,100 00 10 100 00 Repairs Expense 8,850.00 8,850.00 Depreciation Expense-Equipment (e) 6,680 00 6,680.00 Insurance Expense (b) 3,000.00 3,000.00 Supplies Expense (c) 2 250 00 2.250.00 Miscellaneous Expense 4,320.00 4,320.00 875,000.00 875,000.00 39,530.00 39,530 00 907 980.00 907 980 00 R Required: 1. Prepare an income statement for the year ended December 31, 2018 Wa nel loss has been incurred, enter that amount as a negative number using a minus sign. Be sure to complete the statement heading, Use the Ist of Labels and Amount Descriptions for the correct wording of text items other than account names. You will not need to enter colons() on the income statement weck My Work All work saved. Save and Chart of Accounts Labels and Amount Descriptions Income Statement Retained Earnings Statement Instructions Miscellaneous Expense 4,320.00 4,320.00 875,000.00 875,000.00 39,530.00 39,530.00 907 98000 907 980 00 Required: 1. Prepare an income statement for the year ended December 31, 2018 Wa not loss has been incurred, enter that amount as a negative number using a minus sign Be sure to complete the statement heading Use the list of Labels and Amount Descriptions for the correct wording of text items other than account names. You will not need to enter colons() on the income statement. 2. Prepare a retained eamings statement for the year ended December 31, 2018. If a net loss is incurred or dividends were paid enter that amount as a negative number using a minus sign. Be sure to complete the statement heading Refer to the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Refer to the Chart of Accounts for exact wording of account bites 3. Prepare a balance sheet as of December 31, 2018 Fixed assets must be entered in order according to account number Be sure to complete the statement heading Refer to the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries Refer to the Chart of Accounts for exact wording of account titles. For those boxes in which you must enter subtracted or negative numbers use a minus sign 4. Based upon the end of penod spreadsheet, journalize the closing entries. Refer to the Chart of Accounts for exact wording of account titles. 5. Prepare a post-closing trial balance * My Work All work saved. Save and structions Chart of Accounts CHART OF ACCOUNTS Lamp Light Company General Ledger ASSETS REVENUE 11 Cash 41 Fees Earned 12 Accounts Receivable 42 Rent Revenue 13 Prepaid Insurance 14 Supplies 15 Land EXPENSES 16 Building 17 Accumulated Depreciation-Building 18 Equipment 19 Accumulated Depreciation Equipment 51 Salaries and Wages Expense 52 Advertising Expense 53 Utilities Expense 54 Depreciation Expense-Building 55 Repairs Expense w CAGO ACCOU structions Chart of Accounts 18 Equipment 19 Accumulated Depreciation Equipment 54 Depreciation Expense-Building 55 Repairs Expense 56 Depreciation Expense Equipment 57 Insurance Expense 58 Supplies Expense 59 Miscellaneous Expense LIABILITIES 21 Accounts Payable 22 Salaries and Wages Payable 23 Unearned Rent EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends 34 Income Summary Financial statements and closing. Labels and Instructions Chart of Accounts Labels and Amount Descriptions Labels Current assets Current liabilities December 31, 2018 Expenses For the Year Ended December 31, 2018 Property, plant, and equipment Revenues Amount Descriptions Book value-building Book value-equipment Change in retained earnings Net income Net loss Retained earnings, December 31, 2018 Retained earnings, January 1, 2018 Total assets Charl My Work Financial statements and Labels and A Chart of Accounts Instructions Labels and Amount Descriptions Amount Descriptions Book value-building Book value-equipment Change in retained earnings Net income Net loss Retained earnings, December 31, 2018 Retained earnings, January 1, 2018 Total assets Total current assets Total expenses Total liabilities Total liabilities and stockholders' equity Total property, plant, and equipment Total revenues Total stockholders' equity Studed cells have deck 1. Prepare an income statement for the year ended December 31 2018 anet loss has been incurred enter that amount as a negative number using a minus sign Be sure to complete the statement heading Use the list of Labels and Amount Descrptions for the correct wording of another than account names. You will not need to enter colons() on the income statement Score: 14/136 Lamp Light Company Income Statement (Libo Fees eamed Rent revenue be 1 heck My Work All work saved. Save and it Submit Asstrument for Go Financial statements and closing entries Instructions Chart of Accounts Labels and Amount Descriptions Income Statement Retained Earnings Statement Labels and Amount Descriptions Income Statement Label) in 10 11 12 15 14 15 16 Check My Work All work saved. eBook Show Me How Financial statements and dosing.entries rutruction Chart of accounts Label and Amount Descriptions Income Statement Retained Earnings Statement Labels and Amount Descriptions Income Statement Retained Earnings Statement Shaded cesare Shaded cesave 2. Prepare a retained earnings statement for the year ended December 31, 2018 Ma net loss is incurred or dividends were paid. enter that amount as a negative number using a metus in Be sure to complete the statement heading Refer to the est of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Refer to me Chart of Accounts for exact wording of accountitles Score: 20/52 Lamp Light Company Retained Earnings Statement (taben Net income $140,000.00 ANA 19 Points 2 19731 Check My Work All work saved Save and Ex Submit Assigne O II 2 wording of account hitles Score: 20/52 Lamp Light Company Retained Earings Statement (Label) 1 2 Net income $140,000.00